Unverifiable income will not be considered.Applicants must receive positive references from all previous landlords for the previous 5 years.Applicant may not have any evictions or unpaid judgments from previous landlords.Applicant must exhibit a responsible financial life.

So, with the $72,000 you received from refinancing you would have a profit of $47,000 after taking into account the $10,000 you put down on the first house and the $15,000 in rehab. 

They claim they never received a letter, I know I sent it.

This includes documenting the existing conditions to ensure they don't damage the property when they move and deposits.   

Even though I have text documenting her giving me an ok to go.

another letter i receive talks about "streamline refinancing" perhaps i'm just being paranoid about this all and could just ask lenders what it all means, i'm just not sure who is actually trying to help me get the best deal on my refinance and who's just trying to meet some quota.

If the borrower owns other financed properties, additional reserves must be calculated and documented for financed properties other than the subject property and the borrower’s principal residence.

The education I received through the podcast was invaluable in giving me the knowledge and confidence to do the first deal.

The only way to officially skirt the 1 year minimum is if you receive PCS orders. 

The reporting is easy and you should receive a K-1.